Countries are increasingly making ambitious and far-reaching pledges to climate action, with over 130 announcing or actively considering net zero emission strategies by mid-century. The speed of change, however, is still far from what is needed to keep the global temperature rise below 1.5°C.
To outline global strategies towards carbon-neutrality and a pathway to limit temperature rise to 1.5°C by 2050, IRENA has released the World Energy Transition Outlook. Under IRENA's "1.5°C Pathway", 90% of the solutions shaping a successful outcome in 2050 involve renewable energy through direct supply, electrification, energy efficiency, green hydrogen and bioenergy.
The event aims to promote the joint efforts towards carbon neutrality post-High-Level Dialogue on Energy (HLDE). It will offer an excellent contribution of the Second Committee to COP26 as that energy transition is among the key priorities of the UK presidency. The event will also be a platform to discuss the energy transition beyond technology and as s driver of deep structural changes that will significantly affect economies and societies, a boost in GDP, aligned with the needs of a post-COVID recovery.